General

Faced with promised anchor tenants that did not show up, falling retail rents and low occupancy, owners at the mall where McDonald's Place at King Albert Park once stood have taken matters into their own hands. Current owner and tenant EagleWings Group will expand its footprint in the strata mall come December by opening a cinema called EagleWings Cinematics which boasts 153 seats, including a premium...

Property developer YTL Land & Development (YTL Land) is set to launch a 77-unit freehold condominium along Orchard Boulevard, with 53 apartments released for sale this Saturday, Dec 1. Located at 3 Orchard Boulevard, 3 Orchard By-The-Park is a short walk to the Singapore Botanic Gardens, and within the enclave of the Orchard Road shopping belt and amenities such as the Camden Medical Centre. The...

Prices of completed private apartments and condominiums in Singapore fell further by 0.6 per cent in October from the previous month, accelerating from a 0.2 per cent month-on-month drop in September. This is according to the National University of Singapore's (NUS) flash estimates released on Wednesday for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private...

A row of apartments with commercial shops along Phoenix Road in Bukit Panjang will be put up for collective sale via public tender on Thursday for S$42 million, marking the first time that the owners are embarking on an en bloc sale. This translates to a land rate of S$617 per square foot per plot ratio (psf ppr), and S$566 psf ppr after factoring in the 7 per cent bonus balcony gross floor area. No...

Owners of the Beauty World Plaza retail and residential building are putting up the redevelopment site for tender with a reserve price of S$165 million, agent Knight Frank Singapore announced on Wednesday. The 2,305.6 square metre site in the Upper Bukit Timah neighbourhood comprises a single block with 61 retail units and 30 residential units. Under the Urban Redevelopment Authority's (URA) 2014 Master...

The High Court has granted a sale order to Goodluck Garden's S$610 million collective sale on Monday following a lengthy dispute, but Justice Woo Bih Li also criticised marketing agent Knight Frank, the property's collective sale committee (CSC) and the CSC's lawyers Rajah & Tann for how they handled the sale. Owners of the 210-unit freehold residential development in Toh Tuck Road went to court after...

JTC has launched one site for tender and another site for application under the 2018 Industrial Government Land Sales (IGLS) programme, it announced in a press statement on Tuesday. The site at Tuas South Link 3 (Plot 20), which is available for tender, is the fifth out of six confirmed list sites for the second half of the 2018 IGLS programme. It occupies a land area of 0.45 hectare with a gross plot...

Freehold commercial property Golden Wall Centre has been sold en bloc for S$276.2 million to City View Holdings, a wholly owned subsidiary of Worldwide Hotels, which owns and manages hotel chains such as Hotel 81. The amount was higher than the reserve price of S$260 million, which was little changed from what the strata unit owners wanted in their first attempt at a collective sale in 2016. At...

GuocoLand Limited today announced the groundbreaking of Guoco Midtown, unveiling the name of the prime site that is set to rejuvenate the Beach Road district. It will provide a new epicentre for this side of Singapore’s Central Business District (CBD). Guoco Midtown is expected to be completed by the first half of 2022. Nestled within the City Hall office micromarket, Guoco Midtown will be the final...

Traditional property portals let users filter their search by selecting from a small number of parameters such as district, location, price and type of property. The issue with this is that results end up swarming in by the hundreds and even thousands, said proptech startup Mogul.sg. On Wednesday, the firm launched a new property search portal - also called Mogul.sg - that uses a keyword-based system...